Asia Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MikeM54321 who wrote (4461)	6/12/1998 3:57:00 PM
From: Mark Myword	Read Replies (1) of 9980

>> Imagine if you had a business and were trying to compete with someone who didn't even have to make a profit. << MikeM; That's what many American and European companies have been doing for years! That's the "Asian model" - the government , through banks , funnels free money to manufacturers who produce and export like an S.O.B. and kill the competition with low prices. No profit necessary - maybe no debt repayment necessary. WHY do you think so many of these countries have such a mess of bad debt tangled up throughout their labyrinthine financial structures? The debt just gets rolled and rolled until they can dominate a market and begin to make a steady profit. Doesn't always work though , and then we call it the 'Asian financial crisis" and run to their rescue! JMHO (by the way , it looks like we finally have an administration in Wash DC that has the common sense to see what the game is , and the balls to play hardball when necessary. My hat is off to them. It's been a long , long time since we've had some financial savvy in the federal govt.)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next